Govt Allows Renewable Firms to Monetise Previously Wasted Power
What Happened
The Power Ministry has allowed renewable energy projects to use curtailed electricity to charge additional co-located battery energy storage systems (BESS) and sell the stored power through exchanges or other arrangements. Developers will not need a no-objection certificate from buyers under existing power agreements for this.
Key Takeaways
The move helps renewable energy companies monetize power that would otherwise go unused due to grid constraints, improving project economics while supporting greater use of battery storage in India's clean energy sector.